Bquat's Account Talk

Was there an over reaction to the FED and ECB news? Did yesterday's moves create higher lows. Want some charts?
 
Here's a Dow chart to add to your collection. Looking through them all it's clear that the largest stocks are the strongest, which is a telltale sign that a major top is near. I'm hoping the top doesn't come before new highs are reached, but it's starting to look like the Dow and S&P (and QQQ) might be about the only index's that will get there, while the small caps and transports won't....starting to think I should switch to the C fund for the last gasps of this final rally...which may last into January. Next week may begin with a pullback, and I hope the S fund doesn't take it on the chin again.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=5&g=0&i=t24855245422&a=435312428&r=1449259709756
 
Here's a Dow chart to add to your collection. Looking through them all it's clear that the largest stocks are the strongest, which is a telltale sign that a major top is near. I'm hoping the top doesn't come before new highs are reached, but it's starting to look like the Dow and S&P (and QQQ) might be about the only index's that will get there, while the small caps and transports won't....starting to think I should switch to the C fund for the last gasps of this final rally...which may last into January. Next week may begin with a pullback, and I hope the S fund doesn't take it on the chin again.

http://stockcharts.com/c-sc/sc?s=$INDU&p=D&b=5&g=0&i=t24855245422&a=435312428&r=1449259709756
Couldn't open chart never mind figured it out.
 
Was there an over reaction to the FED and ECB news? Did yesterday's moves create higher lows. Want some charts?

I noticed that before your charts, so yes, and I think there could be a few more days of upward momentum moreso for the S-fund than the C-fund, which has stubborn overhead resistance, and didn't drop as much as the S-fund did. Though S has underperformed C over the last year, they have been largely in synch in the shorter term (3-6 months), but one lags behind the other for a day or so. As for the transports, the reversals there usually aren't a one-day pony so hopefully it will return to your midterm box, but it is concerning because this index often precedes the others on major moves.
 
I noticed that before your charts, so yes, and I think there could be a few more days of upward momentum moreso for the S-fund than the C-fund, which has stubborn overhead resistance, and didn't drop as much as the S-fund did. Though S has underperformed C over the last year, they have been largely in synch in the shorter term (3-6 months), but one lags behind the other for a day or so. As for the transports, the reversals there usually aren't a one-day pony so hopefully it will return to your midterm box, but it is concerning because this index often precedes the others on major moves.
I'm trying to push it as a Bullish Jab.:smile:
 
Agree Amoeba. S has not performed as well as C for almost the entire year. Didn't expect that, and expected it to outperform C this month. Good thing is the month isn't over. I hear you on Transports and they didn't look good last week. Hope we get another pop up on Monday.

I wanted to reference this article which I found positive on the state of the market. S&P500 update: how bad is it? Or is it bad at all? | INTELLIGENT INVESTING

FS
 
Agree Amoeba. S has not performed as well as C for almost the entire year. Didn't expect that, and expected it to outperform C this month. Good thing is the month isn't over. I hear you on Transports and they didn't look good last week. Hope we get another pop up on Monday.

I wanted to reference this article which I found positive on the state of the market. S&P500 update: how bad is it? Or is it bad at all? | INTELLIGENT INVESTING

FS

Needed to fix my earlier comment. S has performed quite well in 2015 BUT it suffered losses over the summer that were LARGE and is currently underperforming C. I am attaching a performance chart from the last 200 days. Note that January and February both funds were performing about the same.

It would be nice to see S get back on step and perform better than C for the year but that would take some real upward performance

View attachment 36182
 
Continuing to redraw the Midterm channel to define a place for support has become something I haven't been able to do lately. So, let's just use in the box technology and say we just consolidated ourselves out of the long term channel. So we must stay within the box because I fear out of the box technology.:sick: Charts:
 
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